Final inflation data confirmed that price pressures in the Eurozone continued to ease into year-end. Eurostat reported headline CPI at 1.9% yoy in December, down from 2.1% in November. Core inflation slowed modestly to 2.3% yoy from 2.4%. Despite the overall cooling, inflation remained heavily services-led. Services accounted for +1.54pp of headline inflation, far outweighing […]

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